NV5 Global Inc (NVEE)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 50,361 | 73,257 | 29,355 | 44,766 | 44,824 | 46,439 | 28,827 | 31,341 | 38,541 | 54,171 | 44,422 | 81,948 | 47,980 | 121,397 | 113,023 | 92,925 | 64,909 | 64,022 | 65,212 | 38,326 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 210,254 | 194,827 | 154,834 | 162,229 | 159,419 | 193,610 | 166,529 | 168,727 | 160,894 | 163,874 | 156,228 | 152,862 | 163,951 | 135,805 | 134,198 | 136,331 | 136,186 | 113,334 | 119,236 | 109,389 |
| Quick ratio | 0.24 | 0.38 | 0.19 | 0.28 | 0.28 | 0.24 | 0.17 | 0.19 | 0.24 | 0.33 | 0.28 | 0.54 | 0.29 | 0.89 | 0.84 | 0.68 | 0.48 | 0.56 | 0.55 | 0.35 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,361K
+ $—K
+ $—K)
÷ $210,254K
= 0.24
The quick ratio of NV5 Global Inc has shown fluctuations over the past few years. As of December 31, 2024, the quick ratio stands at 0.24, indicating that the company may struggle to meet its short-term obligations with its most liquid assets. This is a decrease from the quick ratio of 0.38 as of September 30, 2024. Overall, the quick ratio has been below 1 for the majority of the periods analyzed, suggesting potential liquidity concerns for NV5 Global Inc. Further monitoring of the company's ability to convert its current assets into cash quickly may be warranted to assess its financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024